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November 5, 2020
N. American softwood lumber prices stabilize as demand remains strong
After some big drops last month, the price of most North American construction framing dimension softwood lumber commodities fell further last week, but by smaller amounts. The supply-demand balance seems to be correcting, due to ongoing strong customers appetite even as the usual autumn slow-down for building activity is upon us. Sawmill order files have been reduced to mere days, which is normal for this time of year. As prices were plummeting in recent weeks customers delayed purchases in the hopes that supplier quotes would fall further; however, many could not delay ...
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